Netflix today announced a new multi-year licensing agreement with Paramount Pictures, adding hundreds of new movie titles, including the exclusive subscription television rights to all first-run films, for Canadian Netflix members to watch instantly on their computers and TVs.

Netflix members in Canada can enjoy theatrical hits from Paramount in the coming months starting with "The Last Airbender" and Marvel's "Iron Man 2." The five year agreement will add over 350 new movies available to watch instantly from Netflix in Canada, including epics like "The Curious Case of Benjamin Button," "Titanic," and "Defiance," great comedies like "Zoolander" and "Wayne's World," and beloved classics like "The African Queen," "Sabrina" (1954) and "Terms of Endearment."